Tonnage tax elections: Pre-election clearance
You should check the other guidance available on GOV.UK from HMRC as Brexit updates to those pages are being prioritised before manuals.
Clearance application before initial election
HMRC offers a non-statutory business clearance procedure. Full guidance can be found in the Non Statutory Business Clearance Guidance manual. The guidance that follows here does not replace the NBCG.
This clearance procedure is available to enable any company or group interested in tonnage tax to discuss its own circumstances with HMRC in advance of making the initial election.
Examples of companies that might find this procedure useful include:
an existing UK company or group considering diversification into shipping,
a company or group considering starting up a new shipping business in the UK, and
an overseas shipping company or group considering expanding its operations to the UK.
|Areas covered by clearance application||TTM02030|
|Information to be provided to HMRC||TTM02040|
|Timing of clearance application||TTM02050|
|Foreign company or group||TTM02060|